Azerbaijan: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Azerbaijan

In 2022, the Azerbaijani scrapers excavator market increased by 13% to $X, rising for the second year in a row after eight years of decline. In general, consumption, however, saw a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Scrapers Excavator Production in Azerbaijan

In value terms, scrapers excavator production shrank to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The growth pace was the most rapid in 2021 when the production volume increased by 11% against the previous year. Scrapers excavator production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Scrapers Excavator Exports

Exports from Azerbaijan

In 2022, after two years of growth, there was significant decline in overseas shipments of scrapers earth moving, excavating, extracting machinery (not self-propelled), when their volume decreased by -50% to X units. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 2,100%. Over the period under review, the exports hit record highs at X units in 2021, and then declined markedly in the following year.

In value terms, scrapers excavator exports reduced rapidly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 7,735%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for scrapers excavator exports from Azerbaijan, accounting for a 93% share of total exports. Moreover, scrapers excavator exports to Kazakhstan exceeded the volume sent to the second major destination, Georgia (X units), more than tenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-18.2% per year) and Turkey (0.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was taken by Georgia ($X), with a 9.3% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-7.1% per year) and Turkey (+21.6% per year).

Export Prices by Country

In 2022, the average scrapers excavator export price amounted to $X per unit, rising by 9.5% against the previous year. Overall, the export price posted slight growth. The growth pace was the most rapid in 2018 when the average export price increased by 225% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into Azerbaijan

In 2022, the amount of scrapers earth moving, excavating, extracting machinery (not self-propelled) imported into Azerbaijan soared to X units, with an increase of 362% against 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, scrapers excavator imports soared to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 258% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of scrapers excavator to Azerbaijan, accounting for a 89% share of total imports. Moreover, scrapers excavator imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Russia (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.6% per year) and Russia (+32.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of scrapers earth moving, excavating, extracting machinery (not self-propelled) to Azerbaijan, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Russia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.3% per year) and Russia (+35.7% per year).

Import Prices by Country

The average scrapers excavator import price stood at $X per unit in 2022, dropping by -46.1% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 176% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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